239
239
Dec 12, 2012
12/12
by
CNBC
tv
eye 239
favorite 0
quote 0
i don't want to -- i'm ready to get the phone call from john taylor. it's not the taylor rule, but it has the same feature that it relates policy to observables in the economy such as unemployment and inflation. so what it's basically doing is how our policy will evolve over time as the economy evolves. it has noimpcati implication th will affect the unemployment rate. we think it's somewhere between 5% and 6% according to our projections. we are a dual mandate central bank, and providing information on both sides is more helpful. so i -- i understand your point, but i think that it's -- that providing information on unemployment and inflation gives more information to the markets, to the public, that allows them infer how our policy is likely to evolve. >> wyatt. >>. [ inaudible question ] >> so long as the inflation condition is met, that's correct. >> wyatt and then josh. >> mr. chairman, wyatt andrews, cbs news. i'd still like to hear a little bit more about why you made this announcement today, specifically tying federal funds and your policy to t
i don't want to -- i'm ready to get the phone call from john taylor. it's not the taylor rule, but it has the same feature that it relates policy to observables in the economy such as unemployment and inflation. so what it's basically doing is how our policy will evolve over time as the economy evolves. it has noimpcati implication th will affect the unemployment rate. we think it's somewhere between 5% and 6% according to our projections. we are a dual mandate central bank, and providing...
190
190
Dec 13, 2012
12/12
by
CNBC
tv
eye 190
favorite 0
quote 0
now, you know, john boehner has said he's leaving tomorrow, come hell or high water. he's going back home to get red for christmas. he says, you know, there is a telephone. >> not leaving for a long weekend. >> you can negotiate over the telephone? >> can't do it. >> no credibility. can't do it. >> i'm guessing. >> you have to be in washington. >> you know what? i've been hearing some of the analysts say that is a powerful impetus to get a deal done. they don't want to be here for christmas eve, right? >> would the president negotiate from hawaii? he's supposed to go to hawaii on december 17th. >> they have telephones in hawaii, i can tell you. >> no credibility. you have to be in washington. america will not stand for that, for these guys being on vacation. >> nancy pelosi said the deadline is early next week. >> if we don't have a deal by the end of next week, no deal to go over the cliff. >> let's do the countdown. down about 54 points. >> meanwhile, michigan is becoming the 24th right-to-work state here in the country. someone here says unions are toxic for both w
now, you know, john boehner has said he's leaving tomorrow, come hell or high water. he's going back home to get red for christmas. he says, you know, there is a telephone. >> not leaving for a long weekend. >> you can negotiate over the telephone? >> can't do it. >> no credibility. can't do it. >> i'm guessing. >> you have to be in washington. >> you know what? i've been hearing some of the analysts say that is a powerful impetus to get a deal done....
186
186
Dec 5, 2012
12/12
by
CNBC
tv
eye 186
favorite 0
quote 0
chief washington correspondent john harwood watching this event closely. john. >> reporter: i think what we saw in that interview that steve had was further confirmation of the fundamental outlines in the administration's strategy. one, rates have to go up. they're trying to break republicans on the issues of rates. although, they're not insisting that rates go all the way up to 39.6. you could see something in between. the second thing is they're taking a very hard line on the debt limit. the president said in remarks today to the business round table he has some cover from business on that because they don't want to see that limit that could be damaging to the u.s. credit raiting. the combination of those two things are the fundamental levers the administration is going to try to use to force republicans to compromise. then the compromising from the administration will come on the issues of entitlements, medicare, social security is, and medicaid. >> all right, jauohn. thank you so much. let's keep the focus in washington and get reaction. republican sen
chief washington correspondent john harwood watching this event closely. john. >> reporter: i think what we saw in that interview that steve had was further confirmation of the fundamental outlines in the administration's strategy. one, rates have to go up. they're trying to break republicans on the issues of rates. although, they're not insisting that rates go all the way up to 39.6. you could see something in between. the second thing is they're taking a very hard line on the debt...
293
293
Dec 6, 2012
12/12
by
CNBC
tv
eye 293
favorite 0
quote 0
john harwood with the details. over to you, john. >> maria, just wanted to bring you up to date on a development, which is the resumption of some staff level discussions between the congress, the speaker's office in particular, and the white house. we've been through a period where both sides, the principa s principals, the speaker and president have been striking tough lines in public, having made some initial moves towards cooperation, but word followed up no more meetings scheduled between the principals. wasn't that much going on staff to staff. that's changed today from yesterday. to you have some discussions resumed. i don't want to overplay the significance, but it is an encouraging sign for people who think that the ice had been beginning to crack around some of the positions, especially with the republicans on taxes. we may be looking for some forward movement. got to watch over the next day or so. >> this is good news, john. >> it is good news. it is an indication that we may be intensifying discussions t
john harwood with the details. over to you, john. >> maria, just wanted to bring you up to date on a development, which is the resumption of some staff level discussions between the congress, the speaker's office in particular, and the white house. we've been through a period where both sides, the principa s principals, the speaker and president have been striking tough lines in public, having made some initial moves towards cooperation, but word followed up no more meetings scheduled...